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Archive for April, 2015

Car Payment #5

April 21st, 2015 at 11:19 am

My fifth scheduled car payment has posted. I have updated the spreadsheet on my "My Car Note" page, if you care to take a peek.

This month extra principal payments included $500 from my seasonal overtime pay, $30.00 from two wallet sweeps, and $3.92 from credit card rewards.

Notice nothing applied from my part-time job this month. That's because I haven't been paid yet for the work I did in March.

Nine payments have now been eliminated from the end, leaving 58 payments to go.

Reno Condos

April 18th, 2015 at 11:03 am

I love to browse on realtor.com. I have spotted several condos in Reno which might suit me fine.

Here is one:

http://www.realtor.com/realestateandhomes-detail/959-Flatcar...

This place is in Sparks. Sparks is just east of Reno and the two cities have grown into each other. It is a 2 br. 2 bath with 1088 sq. ft. and has a 1 car garage. The asking price is 95k. If I were to purchase it at 95k with 20% down and took a 15 year mortgage, my PI payments would be $526 (according to the calculator on realtor.com). The HOA dues are another $195. There is still property taxes and insurance to pay. But still, total housing should be under 1k per month, with a big drop when the mortgage is paid in full.

If I can land a job paying at least $15 an hour, something like this should be doable. Not a lot of wiggle room, but worth it I think at my age to be done with the mortgage in 15 years. If I have to stop saving for retirement, the money already saved will continue to grow, and I should still end up in OK shape.

Hopefully, I will be able to earn more than that and will continue to save. I am trying to be realistic. I am approaching age 50 and will not have any business contacts in the area. I have to be prepared for the possibility of a significantly lower income.

At this point, I am planning to move with BF. If we are sharing living space, we will also share expenses. That will provide a bit of budgetary wiggle room too. However, I only want a mortgage I can afford completely on my own.

In other news, tax season is mercifully over. Between my overtime and my bonus, I cleared an extra 4k. I have sent off 1k to my traditional IRA, $500 extra to my car loan, $300 extra to emergency fund, and $200 extra to Roth. The other 2k I needed for expenses. J's car got new brakes and a major tune up (120k miles), and I paid the IRS $987. Additionally, my annual matching of $1632 was sent off to my Simple IRA. Looking forward to seeing those account balances rise a bit on 4/30. Of course, will just have to see if Mr. Market cooperates.

Mrs. M180 and I are planning a 3 day weekend in Seattle. We were able to get airfare for $156 each. We will stay one night with my childhood friend (who stayed with me last September), and two nights on Vashon Island visiting my birth mother, her sister, and the sister's new husband. On the final day, we are hoping to spend some time with my niece who lives in Tacoma. She is only 5 years younger than me, so is actually more like my baby sister.



Mortgage Chips To Date

April 3rd, 2015 at 10:17 am

I have made my scheduled mortgage payment, along with an extra $10.34. My new balance is $169,800.00. I'm pretty excited to be under 170k! Smile

Chips to date: $1,673.05

Interest savings this month: $5.95

Interest savings to date: $75.26

Eventually, the interest savings on the chips I have already made will compound to $3,649.73, provided I own this house until the mortgage is paid in full.

Net Worth 3-31-15

April 2nd, 2015 at 08:23 am

Cash is up. Smile
Debt is down. Smile
Investments are down. Frown
Home value estimate is up. Smile